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← BASSETT HEALTHCARE NETWORK

Form 990 for tax year 2022

Filed by BASSETT HEALTHCARE NETWORK.

Totals

Total revenue
$512,071
Total expenses
$18,743,911
Contributions and grants received
$421,989
Grants paid
$0
Program service revenue
$60,000
Investment income
$30,082
Other revenue
$0
Total assets, end of year
$73,046,059
Total liabilities, end of year
$107,875,418
Net assets or fund balances, end of year
-$34,829,359
Program services expenses (Part IX)
$18,743,911
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$18,743,911

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $421,989

  • 2a · Program service revenue: PARTNERSHIP REVENUE

    total $60,000 · related or exempt $52,593 · unrelated business $7,407

  • 3 · Investment income

    total $30,082 · excluded $30,082

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,793,613 · program services $2,793,613

  • 7 · Other salaries and wages

    total $3,006,047 · program services $3,006,047

  • 8 · Pension plan contributions

    total $134,772 · program services $134,772

  • 10 · Payroll taxes

    total $205,952 · program services $205,952

  • 11g · Fees: other

    total $11,100,504 · program services $11,100,504

  • 13 · Office expenses

    total $1,503,023 · program services $1,503,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,623,547 · end of year $49,732

  • 2 · Savings and temporary cash investments

    end of year $4,168

  • 3 · Pledges and grants receivable

    end of year $62,326,946

  • 8 · Inventories for sale or use

    beginning of year $3,060,349 · end of year $2,593,927

  • 9 · Prepaid expenses and deferred charges

    end of year $395,566

  • 10a · Land, buildings and equipment: cost or other basis

    $25,837

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $517,341 · end of year $25,837

  • 15 · Other assets

    beginning of year $0 · end of year $7,649,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,485,781 · end of year $48,879,227

  • 25 · Other liabilities

    beginning of year $43,312,975 · end of year $58,996,191

  • 27 · Net assets without donor restrictions

    beginning of year -$16,810,372 · end of year -$35,243,475

  • 28 · Net assets with donor restrictions

    beginning of year $212,853 · end of year $414,116

Mission and programs · 2022

Mission

MISSION STATEMENT: IMPROVING THE HEALTH OF OUR PATIENTS AND THE WELL-BEING OF OUR COMMUNITIES. VISION: THROUGH ADVANCED INTEGRATED CLINICAL SERVICES, EDUCATION, AND RESEARCH, WE ASPIRE TO BE A MODEL OF EXCELLENCE FOR HEALTH, CREATING REMARKABLE PATIENT EXPERIENCES AND BETTER LIVING.BASSETT HEALTHCARE NETWORK IS THE PARENT ORGANIZATION TO THE MARY IMOGENE BASSETT HOSPITAL (D/B/A BASSETT MEDICAL CENTER), A.O. FOX MEMORIAL HOSPITAL, THE O'CONNOR HOSPITAL, BASSETT HOSPITAL OF SCHOHARIE COUNTY (D/B/A COBLESKILL REGIONAL HOSPITAL), LITTLE FALLS HOSPITAL, VALLEY HEALTH SERVICES, INC., VALLEY RESIDENTIAL SERVICES, FRIENDS OF BASSETT, INC. AND TEMPLETON FOUNDATION PURSUANT TO SECTION 509. THROUGH RESERVE POWERS GIVEN TO THE ORGANIZATION IN THE BYLAWS OF THE SUPPORTED ORGANIZATIONS, THE ORGANIZATION HAS THE POWER TO APPOINT THE DIRECTORS, TRUSTEES, AND PRESIDENTS OF THE SUPPORTED ORGANIZATIONS.

  • BASSETT HEALTHCARE NETWORK (THE NETWORK), IS A NEW YORK BASED TAX-EXEMPT ORGANIZATION THAT IS THE SOLE MEMBER VARIOUS ORGANIZATIONS THAT WORK TOGETHER AS A SINGLE INTEGRATED HEALTHCARE NETWORK TO DELIVER CARE AND SERVICES TO PEOPLE LIVING IN A 5,600 SQUARE MILE REGION COVERING SEVEN COUNTIES OF UPSTATE AND CENTRAL NEW YORK. REVENUE AND EXPENSES FROM THE INVESTMENT ACTIVITIES ARE USED TO SUPPORT THE ADMINISTRATION OF THE HEALTHCARE NETWORK.

    Expenses $18,743,911 · Revenue $60,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tommy Ibrahim MD

    PRESIDENT & CEO

    Total calculated
    $1,000,559
    From this org
    $970,597
    From related orgs
    $0
    Other
    $29,962
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $788,007
    Bonus
    $182,590
    Other
    $0
    Deferred
    $18,520
    Nontaxable benefits
    $11,442
    Filer's total
    $1,000,559

  • Jane Forbes Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Franck MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Hanft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Hastings

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kevin S Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl Mummenthey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • V Daniel Robinson II

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anil Rustgi MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marion Terenzio PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Turney MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorraine Zimniewicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Zogby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Swinko

    TREASURER

    Total calculated
    $663,125
    From this org
    $641,526
    From related orgs
    $0
    Other
    $21,599
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $510,238
    Bonus
    $131,288
    Other
    $0
    Deferred
    $18,520
    Nontaxable benefits
    $3,079
    Filer's total
    $663,125

  • Reginald Q Knight MD

    CCIO

    Total calculated
    $602,299
    From this org
    $573,412
    From related orgs
    $0
    Other
    $28,887
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $504,526
    Bonus
    $68,886
    Other
    $0
    Deferred
    $21,570
    Nontaxable benefits
    $7,317
    Filer's total
    $602,299

  • Paul Uhrig

    SECRETARY

    Total calculated
    $527,630
    From this org
    $500,541
    From related orgs
    $0
    Other
    $27,089
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $417,619
    Bonus
    $82,922
    Other
    $0
    Deferred
    $18,520
    Nontaxable benefits
    $8,569
    Filer's total
    $527,630

  • Henry Weil MD

    SVP, CCAO

    Total calculated
    $696,657
    From this org
    $666,250
    From related orgs
    $0
    Other
    $30,407
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $607,237
    Bonus
    $59,013
    Other
    $0
    Deferred
    $27,670
    Nontaxable benefits
    $2,737
    Filer's total
    $696,657

  • Denise Robinson

    SVP CHIEF NURSING EXEC

    Total calculated
    $273,690
    From this org
    $266,284
    From related orgs
    $0
    Other
    $7,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,284
    Bonus
    $30,000
    Other
    $0
    Deferred
    $5,508
    Nontaxable benefits
    $1,898
    Filer's total
    $273,690

  • Jeffrey Joyner

    SVP CHIEF HOSP EXEC

    Total calculated
    $513,611
    From this org
    $483,649
    From related orgs
    $0
    Other
    $29,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,555
    Bonus
    $85,094
    Other
    $0
    Deferred
    $18,520
    Nontaxable benefits
    $11,442
    Filer's total
    $513,611

  • Christine Pirri

    SVP CHF PPL & DIVERSITY OFCR

    Total calculated
    $377,838
    From this org
    $359,906
    From related orgs
    $0
    Other
    $17,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,906
    Bonus
    $0
    Other
    $0
    Deferred
    $16,720
    Nontaxable benefits
    $1,212
    Filer's total
    $377,838

  • Eric Stein

    CHIEF HOSP EXEC

    Total calculated
    $361,212
    From this org
    $327,021
    From related orgs
    $0
    Other
    $34,191
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $327,021
    Bonus
    $0
    Other
    $0
    Deferred
    $27,670
    Nontaxable benefits
    $6,521
    Filer's total
    $361,212

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
NON-FIXED PAYMENTS ARE MADE BASED ON THE SUCCESS IN MEETING PERFORMANCE CRITERIA THAT ARE PROSPECTIVELY AGREED UPON AS GOALS FOR THE OFFICERS AND OTHER EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FIRST COMMUNITY CARE OF BASSETT

    RELATED · HEALTHCARE · NY · 50% owned · share of income $123,039 · share of assets $696,892

    Directly controlled by BHN

  • STAMFORD PROFESSIONAL ASSOCIATES

    RELATED · RENTAL · NY

    Directly controlled by CATSKILL CARE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LEATHERSTOCKING PHYSICIANS PC

    C · HEALTHCARE SVCS · NY · controlled entity

  • CATSKILL CARE ENTERPRISES

    C · RETAIL PHARMACY · NY · controlled entity

    Directly controlled by AO FOX

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323189349315142

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